Insider Buying: Trifast (LON:TRI) Insider Buys 123,757 Shares of Stock

Trifast plc (LON:TRI) insider Iain Percival acquired 123,757 shares of the stock in a transaction dated Monday, February 16th. The shares were bought at an average price of GBX 80 per share, for a total transaction of £99,005.60.

Trifast Price Performance

LON:TRI traded down GBX 0.75 during mid-day trading on Tuesday, reaching GBX 80.25. The stock had a trading volume of 452,203 shares, compared to its average volume of 185,025. The stock has a market capitalization of £108.32 million, a P/E ratio of 92.24 and a beta of 1.16. The firm has a 50 day moving average price of GBX 74.36 and a two-hundred day moving average price of GBX 76.94. The company has a debt-to-equity ratio of 48.54, a quick ratio of 1.78 and a current ratio of 3.46. Trifast plc has a one year low of GBX 56 and a one year high of GBX 88.80.

Trifast (LON:TRI) last posted its quarterly earnings results on Tuesday, November 18th. The company reported GBX 1.09 earnings per share for the quarter. Trifast had a negative net margin of 1.90% and a negative return on equity of 3.47%. As a group, analysts expect that Trifast plc will post 5.8002937 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TRI shares. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 130 price target on shares of Trifast in a research note on Tuesday, November 18th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 140 target price on shares of Trifast in a research report on Tuesday, November 18th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of GBX 135.

Trifast Company Profile

About Trifast
In 2023, TR celebrated 50 years of business with a proud heritage of serving customers with engineered fastening supply chain solutions; Our skills lie in the design, engineering, manufacture, and distribution of high-quality engineered fastenings and Category ‘C’ components principally for major global assembly industries.

As an international business we can provide customer support from across key regions in the UK & Ireland, Asia, Europe, and North America. In addition to our service locations, we operate manufacturing facilities focused on high volume cold forged fasteners and special parts.